This workshop provides a great understanding of the detailed activities within the realm of inventory planning and warehouse management. Attendees will learn techniques to better plan materials to reduce shortages and obsolete materials. We will study aggregate and item level inventory management. This course will provide inventory ordering methods and rules to reduce inventory investment and improve customer service. Topics to improve warehouse management including lean warehouse management techniques. This detailed course is a great a tremendous learning experience for those engaged in material planning, warehouse management, purchasing and operations of field service inventory.

Students will gain a detailed understanding of the cost and flow of inventory. They will be able to apply techniques to reduce inventory cost, smooth inventory flow and reduce shortages. Attendees will gain a better understanding of inventory management, warehousing and sourcing techniques. This is a great learning experience for operations, material planners, purchasing and information technology.

Workshop Topics

• Introduction to Inventory Management
• Item Level Inventory Control
• Understanding Material Demand
• The flow of Materials
• Aggregate Inventory Management
• Financial Aspects of Inventory
• Item Planning Parameters
• ABC Inventory Management
• Safety Stock & Demand Variation
• Lead Time Variation
• Ordering Methods
• Inventory Accuracy
• Best Warehouse Practices
• Opportunities for Improvement